603 22nd St

$2,950,000
Price
Beds
Baths
6,150 Sq. Ft.
$480 / Sq. Ft.
6,150
Sq. Ft.
$480
per Sq. Ft.

Description

Introducing a rare opportunity to acquire a truly turn-key, brand-new construction 9-unit multifamily asset in Oakland — impeccably built, meticulously maintained, and fully rented since day one. Completed in early 2021 and constructed with uncompromising quality, this property delivers the upside of institutional-grade new construction with the upside flexibility to optimize rents. Zero vacancy, minimal capital needs, and operational simplicity make this a highly attractive acquisition for a buyer...Introducing a rare opportunity to acquire a truly turn-key, brand-new construction 9-unit multifamily asset in Oakland — impeccably built, meticulously maintained, and fully rented since day one. Completed in early 2021 and constructed with uncompromising quality, this property delivers the upside of institutional-grade new construction with the upside flexibility to optimize rents. Zero vacancy, minimal capital needs, and operational simplicity make this a highly attractive acquisition for a buyer seeking both stability and growth. 603 22nd Street is situated in Oakland's vibrant uptown neighborhood, just minutes from Downtown Oakland and Jack London Square. This highly walkable, transit-oriented location offers quick access to BART, AC Transit, and major thoroughfares connecting to Berkeley and San Francisco. Surrounded by cafés, markets, and neighborhood amenities, the property attracts professionals seeking urban convenience and modern living. The area continues to experience strong rental demand and steady growth, making it one of Oakland’s most desirable multifamily submarkets.

Property Details for 603 22nd Street

City
OAKLAND
Dist Neighborhood Subdiv
DOWNTOWN
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage/Parking
No Parking
Total # Parking Spaces
0
LISTING UPDATED: 10/24/2025 01:23 AM

Property Details for 603 22nd Street

StatusActive
MLS #41115071
Days on Compass59
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built2021
Lot Size0.07 AC / 3,000 SF
CountyAlameda County

Location

Listing Courtesy of NAI Northern California, Grant Chappell, DRE #01700439
Add your commute

Building Information for 603 22nd Street

Stories-Residences9Year Built2021Building Size-Lot Size0.07 AC / 3,000 SF

Payment Calculator

$17,007 per month

30 year fixed, 6.28% Interest

Principal and Interest

$14,577

Property Taxes

$2,430

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 603 22nd Street

Features
Feature Details
  • Flooring: Laminate
Utility Details
  • Cooling: None
  • Heating: Forced Air 1 Zone
  • Water/Sewer: Public
Lot / Property Details
Property Details
  • Additional Equipment: Security Gate
  • City Transfer Tax: Yes
  • Exterior: Vinyl (Skirt)
  • Lot Description: Court
  • Lot Sq Ft Apx: 3000
  • Lot Size Square Feet: 3000.0
  • Roof: Composition Shingles
  • Sq Ft Apx: 6150
  • Year Built: 2021
Location Details
  • Directions to Property: Telegraph to 22nd
  • FIPS Code: 06001
  • Census Tract: 4037
  • Printed Neighborhood Rpt: No
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 9
  • Basement: None
  • Tenant Pays: Electric, Gas, Water
  • Financial Data Source: Owner
Multi Family 5+ Information
Building Details
  • Additional Features-Misc: Balcony/Patio
  • Apx Lot Acres: 0
  • On Site Parking Description: None
  • Tot Ann Oper Exp: 73000.0
Income / Expense Details
  • Annual Rent Income: $234,000
  • Gross Rent Multiplier: 12.58
  • Net Operating Income: $161,000
Other Financial Information
  • Cap Rate: 5.50
  • Existing Loan: None
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 603 22nd Street

DateEvent & SourcePriceAppreciation
Oct 17, 2025

Listed (Active)

MLSListings #EB41115071

$2,950,000
Oct 17, 2025

Listed (Active)

EBRD #41115071

$2,950,000
Jul 27, 2016

Sold

EBRD #SF447078

$650,000
Jul 27, 2016

Sold

RESFAR #447078

$650,000
Jul 22, 2016

Sold

EBRD #40745427

$650,000
Jul 22, 2016

Sold

SDMLS #40745427

$650,000
Jul 12, 2016

Sold (Public Record)

Public Record #576459422

$650,000
Jun 30, 2016

Pending

EBRD #SF447078

Jun 30, 2016

Pending

RESFAR #447078

Jun 28, 2016

Pending

EBRD #40745427

Jun 17, 2016

Listed (Active)

RESFAR #447078

$449,000
Jun 17, 2016

Listed (Active)

SDMLS #40745427

$449,000
Jun 17, 2016

Listed (Active)

EBRD #40745427

$449,000
Jun 17, 2016

Listed (Active)

EBRD #SF447078

$449,000
DateEvent & SourcePrice
10/17/2025

Listed (Active)

MLSListings #EB41115071

$2,950,000
10/17/2025

Listed (Active)

EBRD #41115071

$2,950,000
07/27/2016

Sold

EBRD #SF447078

$650,000
07/27/2016

Sold

RESFAR #447078

$650,000
07/22/2016

Sold

EBRD #40745427

$650,000
07/22/2016

Sold

SDMLS #40745427

$650,000
07/12/2016

Sold (Public Record)

Public Record #576459422

$650,000
06/30/2016

Pending

EBRD #SF447078

06/30/2016

Pending

RESFAR #447078

06/28/2016

Pending

EBRD #40745427

06/17/2016

Listed (Active)

RESFAR #447078

$449,000
06/17/2016

Listed (Active)

SDMLS #40745427

$449,000
06/17/2016

Listed (Active)

EBRD #40745427

$449,000
06/17/2016

Listed (Active)

EBRD #SF447078

$449,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 603 22nd Street

Taxable ValueLand$226,309Additions$1,706,810Total$1,933,119
Tax Record2025$29,156 ($2,430 / month)
Home Facts
Total Finished SqFt6,150 SqFtAbove Grade Finished SqFt6,150 SqFtStories3Lot Size3,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1910Year Renovated1974CountyALAMEDAAPN8-647-26

Schools near 603 22nd Street

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Martin Luther King, Jr. Elementary School
PublicK to 5

Westlake Middle School
Public6 to 8

Oakland Technical High School
Public9 to 12

Oakland School for the Arts
Charter6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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603 22nd Street is a multi-family home for sale in Oakland, CA 94612. This property was listed for sale on October 17, 2025 by NAI Northern California, it's currently listed at $2,950,000. It has been on the market for a total of 59 days and was last sold on July 27, 2016. This listing's school district is Oakland Unified School District. Nearby schools include Martin Luther King, Jr. Elementary School, Westlake Middle School and Oakland Technical High School. 603 22nd Street is a 0-bed, 0-bath, 6,150 sqft multi-family home built in 2021.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NAI Northern California, Grant Chappell, DRE #01700439

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.